Nvidia Shares Dip 2% After SoftBank Sells Entire Stake

Group 1 - Nvidia shares experienced a decline of over 2%, trading around $195 in premarket, following a previous increase of 5.7% [1] - SoftBank reported the sale of 32.1 million Nvidia shares in October, amounting to $5.83 billion [1] - SoftBank's CFO indicated that the company plans to make a significant investment exceeding $30 billion in OpenAI, necessitating the divestment of existing portfolio assets [2] Group 2 - SoftBank also disclosed the sale of 40.2 million T-Mobile shares, indicating a broader strategy of portfolio reallocation [1] - The divestment of Nvidia shares is part of a financing strategy to support the large investment in OpenAI [2]